Ratings agency Moody’s Investors Service has rated miner AngloGold Ashanti’s decision to sell its remaining South Africa operating assets to Harmony Gold Mining Company as credit positive. This is because it reduces the company’s average all-in sustain…
AngloGold’s Mponeng sale credit positive – Moody’s Read More »
JSE-listed AngloGold Ashanti on Wednesday confirmed that it had reached an agreement to sell its remaining South African producing assets and related liabilities to Harmony Gold Mining Company for about $300-million. The purchase price includes $200-mi…
AngloGold confirms sale of last South African assets to Harmony Read More »
Diamond miner De Beers Group has identified five focus areas that will be advanced across the group’s businesses to further improve safety. The actions were agreed on at the group’s biannual safety summit last week, which brought together CEOs from acr…
De Beers identifies actions to further drive safety at its operations Read More »
Middelburg, MPUMALANGA (miningweekly.com) – Diversified miner Exxaro Resources on Tuesday officially launched Arnot OpCo, the consortium through which the Arnot coal mine in Middelburg, Mpumalanga, will be owned and managed. The former employees of the…
Arnot OpCo officially launched Read More »
With their recent profitability buoyed by price improvements in certain commodities, some South African miners may consider investing part of their windfall gains to create their own renewable energy generating capacity, and according to consultancy SR…
In-house renewable energy could be a boon for South African mines, says SRK Read More »
Fitch Solutions Country Risk and Industry Research, a unit of Fitch Group, has published its ‘Outlook for Metals’ report, which maintains its core view for metal prices to head slightly higher this year in general compared with 2019. It expects to see …
Fitch maintains metal prices forecast, but says downside risks evident Read More »
Russian miner Alrosa will hold four auctions in New York this year for rough diamonds weighing more than 10.8 ct. “In general, each auction attracts up to 100 companies from different countries. Auction sales currently account for about 10% of our over…
Alrosa to hold four rough diamond auctions in New York Read More »
Midtier gold producer Gran Colombia Gold on Thursday announced that it has closed its previously announced nonbrokered private placement of 7.14-million units at a price of C$5.60 apiece for total proceeds of C$40-million. Each unit comprises one commo…
Gran Colombia closes C$40m private placement Read More »
Diversified gold and silver producer McEwen Mining has recorded further positive drill results at the Whiskey Jack target in the Grey Fox area, which is part of the Black Fox Complex in the prolific Timmins gold district, in Canada. “New intersections …
Drilling at McEwen’s Grey Fox target delivers promising results Read More »
Dual-listed Gold Fields expects to report an increase in basic and headline earnings for the year ended December 31, driven by higher production, higher gold prices, lower cost of sales and lower impairment charges. The company expects its headline ear…
Higher output, prices boosts Gold Fields’ earnings Read More »
